Most of us know what a business plan is. We know that it includes product information, marketing strategies, financing, facilities and a customer profile. Yet how many of us know that the comprehensive report is just a piece of paper without the commitment of the owner? That’s right it is “garbage” without strong psychological traits [...]
On a scale of one to ten, having a good business strategy rates about a fifteen! No matter what kind of business you have — whether you sell products or a service, as the saying goes, “if you fail to plan, then you’re really planning to fail.”
Creating a strategy can mean the difference between you [...]
I work for a large insurance firm in the northwest, in an office with over 500 other employees. Management recently decided to replace our existing phone system as the old system was no longer meeting our needs. I and my co-workers were under the impression that they were going to update the system, as in [...]
When running a concession trailer business, there are several aspects to take into account. Many issues arise that need to be dealt with in order to make a food service business run smoothly. With a mobile concession business, one of the most important things to make a decision on is the location where you plan [...]
If you are thinking of setting up a small business yet you are still unsure of what you exactly want to do or are scared to death of not being able to generate good business, then you must try looking into these franchise opportunities and choose the right one that will suit your taste and [...]
I’m often asked: what is the best way to finance a new business venture. This question is usually followed by “So, do you ever invest in new business ventures?”
The answers, respectively, are: 1. there is no “best” way to fund a new business; and 2. I do invest in new business ventures, but darn it [...]